Eurnzdbuy
EURNZD - Retesting Resistance as Support - Long opportunityPrice broke in the past few weeks a strong resistance, and now it came back for a retest. Made two strong attempts to go down and was throw back up. Broke the downtrend line with a strong engulfing candle. I`m going long when price break the highest price of the last candle.
EURNZD Weekly Forecast 24th September To 28th SeptemberMidterm forecast:
1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 51.
EURNZD - WEEKLY BREAKOUT - 02. JULY 2018WELCOME TO DACAPITAL TRADING!!
EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish break above previous week resistance and High with over 80 Pips moved
DAILY
Bullish run continuing and forming New Highs in nearly all Timeframes.
WEEKLY
3rd Bullish Weekly Price movement occurring with a lot of HH and HL Formed in smaller timeframes
LEVELS
BUY @ 1.73000
SL @ 1.72179 (80 Pips)
TP1 @ 1.73841 (80 Pips)
TP2 @ 1.74230 (120 Pips)
TP3 @ 1.74647 (160 Pips)
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
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EURNZD - SETUP - WEEKLY CONTINUATION - 25 JUNEWELCOME TO DACAPITAL TRADING!!
EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong bullish break above previous week high
DAILY
6 out of 7 Days overall very bullish
WEEKLY
Market pullback after taking out 1.65700
LEVELS
LONG @ 1.69434
SL @ 1.68700
TP1 @ 1.70168
TP2 @ 1.70535
TP3 @ 1.70908
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
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DACAPITAL TRADING
EURNZD Long Trade EntryEURNZD has formed an impulse leg A and we are currently in the B correction which shows 3 waves at this stage. I expect a move back down to the low at 1.6715 and then a move to break out of the correction. It is possible that the correction will be a 5 wave structure but either way suggests a break to the upside. I have entered a short position down to the low where I will take profit and then enter the long position.
TP 1: 1.6800
TP 2: 1.6900
EURNZD on major support, prepare for a bounceEURNZD is in major fractal support, strong possibility of a bounce occurring.
Buy above 1.6818. Stop loss at 1.6716. Take profit at 1.7094.
Reason for the trading strategy (technically):
Price is testing and has bounced off major support at 1.6818 (Fibonacci retracement, horizontal swiung low support, ascending support, bullish harmonic formation) and a strong bounce could occur at this level to push price all the way up to 1.7094 resistance (Fibonacci extension, horizontal swing high resistance). We do have to be wary of our intermediate resistance at 1.6973 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (89,5,3) is seeing strong support above 1.1% where a corresponding bounce could occur.
2618: following the bigger trend on EURNZDHey guys,
EURNZD is in a very strong upward trend, you can see that by looking at the daily chart over the last month or so. A series of higher lows and higher highs certifies that trend and i want to take advantage of that by looking at long opportunities down on the lower timeframes, but only in the zones that i think are most important, like daily structure. Here you can see a yellow box representing a big structure zone that i'm paying attention to. Here, on the hourly chart, price went oversold and created a double bottom followed by a break of structure to the upside. This creates the condition for a 2618 trade and i'm taking this long if price will retrace at that level (blue line), with stops and targets as shown above.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Buy EURNZD Short Term Based on H1 Harmonic Bullish GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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